Left Navigation Licensing of Insurers Insurance companies must be licensed to operate in Canada. Licensing is managed by federal and/or provincial governments. Insurance companies - licensingThe Office of the Superintendent of Financial Institutions (OSFI) regulates federally registered property and casualty insurance companies across Canada. OSFI provides historical information about federal insurers, such as: amalgamations; dissolutions; withdrawals from Canada; and name changes. This list can help you identify defunct companies since 1980s.Insurance companies are also subject to provincial and territorial government regulation. You can verify if your insurance company is authorized in your province by checking the resources listed below. Province Insurance Companies LicensedBritish Columbia British Columbia Financial Institutions CommissionAlberta Alberta Treasury Board and FinanceSaskatchewanGovernment of Saskatchewan Financial and Consumer Affairs AuthorityManitoba Superintendent of Insurance, Consumer and Corporate Affairs, Financial Institutions Regulations BranchOntario Financial Services Commission of Ontario: Licensed Insurance Companies in OntarioQuebec Autorité des marchés financiers: List of insurers – P&C insuranceNew Brunswick Financial and Consumer Services CommissionNewfoundland and LabradorService NL(scroll down to Table V of the most recent Annual Report of the Superintendent of Insurance)Nova ScotiaNova Scotia Finance and Treasury Board: Office of the Superintendent of Insurance(List not available online. Insurer licensing inquiries: 902-424-6331) Prince Edward Island (PEI) PEI Department of Justice and Public Safety. Consumer, Labour and Financial Services Division. Office of the Superintendent of Insurance(Search insurance companies in the Corporate / Business Name Registry. Choose registration type “insurance companies”: http://www.gov.pe.ca/corporations/index.php) Understanding InsuranceLife is a risky business. Sometimes those risks hit home – a car collision… your basement suffering water damage… your business interrupted by vandalism. At times like these, insurance is there to help us recover, get us back on our feet and provide peace of mind. Related ServicesInsurance VendorsInsurance is a significant financial investment so it’s worthwhile to learn about your buying options. You can buy insurance from a broker, agent or direct writer.Rights and ResponsibilitiesInsurance companies, brokers and agents are committed to safeguarding your rights when you shop for insurance and submit a claim following a loss.Seller ScamsPay attention to the details of your insurance contract. Scammers sometimes slightly alter the name of a legitimate company. Useful LinksAuto InsuranceRequired by law across Canada, auto insurance covers the owner/driver, passengers, pedestrians and property affected by a vehicle collision.Buying Home InsuranceAs a homeowner, you need to insure your house for replacement costs so that in the event of serious damage or destruction you have adequate coverage. Be sure to keep your home insurance current by reporting material changes or upgrades.Business Insurance CoverageInsurance protects you from losses that may pose a significant threat to your business operations. A major loss to one organization may be a trivial loss to another. When selecting coverage, deductibles and policy limits, there are many factors to consider.